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U.S. fed funds rate holds at 0.12 pct
May 28, 2015 / 12:31 PM / 3 years ago

U.S. fed funds rate holds at 0.12 pct

NEW YORK, May 28 (Reuters) - The U.S. federal funds rate , which banks charge each other to borrow excess reserves, averaged 0.12 percent for a second day on Wednesday, U.S. Federal Reserve data released early Thursday showed.

The fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.05 percent to 0.340 percent, compared with 0.07 percent to 0.3125 percent on Tuesday. (Reporting by Richard Leong)

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